March 4 (Reuters) - Shares in Sirius Minerals gained
17% on Wednesday after majority of its shareholders voted in
favour of Anglo American's 405 million pound ($518.04
million) bid to buy the fertilizer company.
The favourable results come despite opposition from hedge
fund Odey Asset Management, which said the deal terms do not
represent fair value.
Of votes cast, 80% were in favour of the resolution backing
the deal.
Shares in Sirius Minerals were up 17.2% at 5.48 pence.
($1 = 0.7818 pounds)
(Reporting by Muvija M and Tanishaa Nadkar in Bengaluru;
Editing by Bernard Orr)
Anglo American (AAL)